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Note 13 - Dividends
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12 Months Ended |
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Sep. 30, 2012
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| Stockholders' Equity Note Disclosure [Text Block] |
Note
13. Dividends
Beginning
February 16, 2010 through September 30, 2012, the Company
has paid eleven quarterly cash dividends. The
first nine were paid at a quarterly rate per share of
$0.05. In May 2012, the quarterly dividend per
share increased to a rate of $0.06. Cumulative
dividends paid totaled $15.9 million through September
30, 2012. On October 5, 2012, the Company’s Board
of Directors declared a quarterly cash dividend of $0.06
per share. The Company paid, from its cash on hand,
approximately $1.7 million pursuant to the dividend on
November 7, 2012 to stockholders of record as of October
31, 2012. Total dividends paid were
approximately $6.2 million, $5.5 million and $4.1 million
in 2012, 2011 and 2010, respectively.
Any
future quarterly dividends and the record date for such
dividends will be approved each quarter by the
Company’s Board of Directors and announced by the
Company. Payment of any future dividends is at the
discretion of the Board of Directors and the Company may
not have sufficient cash flows to pay dividends.
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- Definition
The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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